https://wccftech.com/huawei-h1-2019-financial-results/

The last few months were sort of an ordeal for Huawei, and despite the setbacks it suffered, the company’s recently announced financial results for the first half of the year show that the company weathered the storm. The Chinese giant earned a total revenue of around $58.26 billion, marking a 23.2 percent year-over-year increase. The company also reported a net profit margin of 8.7 percent.

Huawei, which was seemingly on its way to become the number one smartphone maker in the world, was put on an entity list by the U.S. in May, cutting off its access to critical hardware and software. Similarly, the country rallied against the company’s 5G network equipment, saying it can potentially be used for spying purposes. Despite these circumstances, both the company’s smartphone unit, including the Honor brand, and its carrier business, managed to grow.